Showing posts with label offshore oil in ghana. Show all posts
Showing posts with label offshore oil in ghana. Show all posts

Sunday, December 7, 2008

Ghanaians Are Anxious To See Which Party The New President Will Emerge From!


The 2008 U.S. election had the country really excited about who their new leader was going to be. In Ghana, they are feeling just as anxious about finding who their new president is as we were over a month ago. And right now, the discovery of offshore oil there as generated international interest in the results. Here's more from Reuters:

"The discovery of offshore oil, which Britain's Tullow Oil plans to start pumping out at a rate of 120,000 barrels per day in late 2010, has raised international attention on the poll. But the global slowdown means celebrations may be delayed.

"Although there is "everything to play for' in terms of oil, the economic reality is that 2009 will be a difficult year in which to manage the economy," Razia Khan, Africa research head at Standard Chartered Bank, said in a note to investors.

"Observers suggest that it is precisely because of the common economic ground between the two leading parties that the election will be close, and a run-off in the presidential election cannot be ruled out," Khan said.

Kufuor's center-right government has pursued market-friendly policies that have helped Ghana's economy grow by more than 5 percent annually in recent years.

But many Ghanaians say the increased wealth -- visible in the plush residential developments and luxury cars in the capital Accra -- have passed them by.

"We want the new government to provide jobs. They should give us better schools, better health facilities," jobless Derrick Agbanyo, 28, said as he waited to vote in Accra."(END OF EXCERPT) Read the rest here:http://www.reuters.com/article/worldNews/idUSTRE4B60FP20081207

This video is called "Ghana First Peace Song".It sounds great!